Portugal’s Cimpor sells 19% Lemona stake, Spain

27 February 2006

Cimpor said it has sold its 19 per cent stake in Spain’s Cementos Lemona SA to Cementos Portland Valderrivas SA for EUR69.2m.

Cimpor said the 2.16M shares its Spanish unit Corporacion Noroeste SA held in Lemonas were tendered to Valderrivas under the terms of the latter’s takeover bid for 100% of Lemona.
Published under Cement News